REITs and Income Funds Update
By Stephen Pincus, Partner, Allan Goodman, Partner, Michelle Roth, Partner, Corie Garbati, Associate
Limited Liability Legislation for Ontario Income Trusts
On March 27, 2003, the Ontario Government declared its support for legislation to remove uncertainty concerning the limited liability of business trust investors.
Partners of Goodmans LLP worked closely with the Canadian Institute of Public and Private Real Estate Companies ("CIPPREC") over recent months in spearheading this initiative and assisting in drafting the proposed legislation to confirm that unitholders of real estate investment trusts ("REITs") and...
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